IDBI Bhandara Bhandara Maharashtra MICR CODE

Find MICR Codes for IDBI Bhandara Bhandara Maharashtra

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MICR Code	441259103
Bank	Idbi Bank Ltd
Business Hours	Monday to Saturday 10 am to 4 pm
Mode Of Payment	Cash,Cheque,Demand Draft and Net banking
Branch	Khokarla
Contact	7184253844
Bank Details	Idbi Bank Ltd Khokarla IBKL0001444

Location	Bhandara, Bhandara
City	Bhandara
District	Bhandara
State	Maharashtra
Pincode	441906
Country	IN
Address	Pathekar bhavan khat road at khokarla po mohadura ta dist bhandara 441906

Note: The working hours listed are generalized for all banks. Please take a note that the bank timings may vary from branch to branch. As per guidelines issued by Reserve Bank of India, banks will not be operational on 2nd and 4th Saturdays and all Sundays of a month.

How does MICR code 441259103 for Khokarla branch help to speed up the cheque clearing process?

In manual clearing of cheques, many errors may occur and the whole process is quite time consuming. The MICR technology speeds up the processing of cheque as it reduces manual efforts of sorting. Thus the 441259103 of IDBI Bank, Khokarla branch makes the system almost error free and faster. Use of IDBI Bank MICR codes for Khokarla branch, makes the characters readable even if there are other marks and stamps on it.

A total of 4 branches of Idbi Bank Ltd are available with micr code -

>>Bhandara >>Khokarla >>State Transport Bank Bhandara >>The Bhandara District Central Co Op Bank Ltd Bhandara

MICR code for IDBI Khokarla

IDBI MICR (Magnetic Ink Character Recognition) code is a machine readable code used for processing and clearance of cheques. IDBI Bank MICR code for Khokarla is a 9 digit code, in which first 3 digit represents the city code, next 3 digit to bank code and later 3 digit to branch code. 441259103 is the MICR code of IDBI for Khokarla branch. MICR code for Khokarla branch includes document type indicator, bank code, cheque number, etc. When a cheque goes for clearing, this code is read by a magnetic reader and then automatically sorted. MICR code for IDBI Bank Khokarla is presented in the table alongside.

Use of IDBI Bank MICR code for Khokarla branch in bhandara

The MICR code 441259103 is used in RBI cheque clearing process to identify the branch Khokarla and IDBI Bank bank for clearing processes. The MICR characters, which are printed using magnetic ink, are passed before a MICR reader. Initially the ink gets magnetized and when it is read, each character produces a unique waveform which can be easily identified. MICR code of IDBI is typically in either of these two font’s: E-138 and CMC-7.

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